India, in the latest development, has approved the export of 3 lakh metric tonnes of onions.

A committee, formed in this regard, has approved the export of 50,000 tonnes of onion to Bangladesh.

The committee of ministers headed by Union Home Minister Amit Shah took a decision to lift the ban on onion exports on Sunday. 

Farmers in Maharashtra have welcomed the decision and hope to get rates in the international market.

One of the reasons for lifting the ban is said to be huge onion stocks in Gujarat and Maharashtra, said experts.

As of Sunday, onion prices continued to decline and had gone down to ₹100 per quintal in the markets.

“Once the export starts we hope to get good rates in the international market,” said Bharat Dighole, founder president of Maharashtra State Onion Producers Farmers Association.

Maharashtra deputy chief minister Devendra Fadnavis, said, “Heartfelt thanks to the central government for lifting the ban on onion export! Regarding the various questions of the onion producers, we were in constant touch with Union Home Minister Amitbhai Shah, and Piyush Goyal...”
Source Hindustan Times

BDST: 1831 HRS, FEB 19, 2024
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